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Moneycontrol.com >> Messageboard >> Stocks >> UTV Software >> NSE Announcements on UTV Software
   You are here :     Moneycontrol     MMB    Stocks      UTV Software                         Most active discussions of 2006 , 2007 & 2008
NSE Announcements on UTV Software (1)   06-Nov-09 15:34Track this thread   Tracked by (0)  
Posted by:   MMB Messenger on ( 06-Nov-09 15:34 )
Price : [UTV Software - BSE:Rs. 440.20 NSE:Rs. 251.45 when posted]
Utv Software Communications Limited has informed the Exchange that "This has reference to the allotment of 4,532,000 warrants made by the Company on May 6, 2008 on a preferential basis to Unilazer Exports and Management Consultants Limited ("Unilazer") pursuant to the approval accorded by the members of the Company at the extra ordinary general meeting held on March 17, 2008 and in respect of which in-principle approval was granted by stock exchanges. Unilazer was entitled to apply for and obtain allotment of one equity share against each warrant of nominal value of Rs. 10/- each at a price of Rs 860.79 (including premium of Rs. 850.79 per share) The Company has received 10% of the total amount of the warrants on allotment. Unilazer was entitled to convert of the warrants into equity shares within 18 months from the date of allotment. Please note that Unilazer has not exercised its right for conversion of the warrants into equity shares. Accordingly, the aforesaid warrants have lapsed and 10% of the total amount paid by Unilazer on allotment of warrant is forfeited."
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